CubanCrypt

BTC: Waiting for the Weekly Close.

bitcoin chart

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BTC is currently forming an inside weekly candle (accumulation).

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This means that extreme volatility is expected next week.

It is advisable to reduce leverage in this scenario, because any move without proper risk management could result in significant losses.

We must be prepared for a week full of uncertainty and potentially erratic movements at times.
Therefore, the best course of action is to look for confirmations to enter only at key levels on higher timeframes (Daily, Weekly, Monthly) and avoid getting caught in the middle of the range.

Let's patiently wait for today's weekly close at 7:00 PM NY time before making any decisions.

I will be posting the Weekly Analysis during the Asia-London session.

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CubanCrypt
CubanCrypt

My name is Luis Stout. I'm trader and financial market analyst. My main focus is on Bitcoin and the democratization of finance. Analyst-Trader in: Buscadores de Liquidez


CubanCrypt
CubanCrypt

I am Luis Stout. Trader and financial market analyst in: Buscadores de Liquidez

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